Reading Time: 3 minutes It plainly is depressing. Practically every story in this issue of Executive starts—if not with the scary ad-hoc topic of the coronavirus—but with a reference to the dire economic straits that Lebanon is in. And even before the March issue went to the newsstands, the mood among some of our online readers seemed to be…
Lebanon faces growing unemployment
Reading Time: 5 minutes The last study on unemployment in Lebanon—conducted by Lebanon’s Central Administration of Statistics (CAS) in partnership with the International Labor Organization in 2018- 2019—revealed a general unemployment rate of 11.4 percent, reaching as high as 23.3 percent for youth. In light of the past few months, there can be no doubt that these percentages have…
Reflections on the Lebanese revolution
Reading Time: 3 minutes When crowds began to gather in Downtown Beirut on that fateful evening on October 17, 2019, few could have predicted that, a 100 plus days later, Lebanon would be still in the furrows of a revolt with almost daily protests across the nation, several clashes between protesters and party shabiha, and with riot police—and road…
Lebanon’s new government must focus on priorities
Reading Time: 3 minutes Lebanon has a new Council of Ministers. This is, from one perspective, a clear and present improvement. Having a government as a sovereign state is an absolute and total prerequisite to function as a country in the global concert of nations. In this sense, the serial failures of Lebanon to swiftly move and empower new…
Lebanon’s uprising has potential ripple-on effects
Reading Time: 8 minutes As the aftermath of the Arab Spring saw the Levant descend into another iteration of political posturing and advantage seeking of what in earlier times was often derogatorily called Levantine behavior, Iraqi-Lebanese journalist Husain Abdul-Husain shared his dismay. In a story published five years ago, he drew as his conclusion from a decade of Iraqi,…
Come together to further one of Lebanon’s favorite exports
Reading Time: 3 minutes In a country where it feels there is often little to be proud of, the Lebanese wine industry has offered us quite a few reasons to hold our head high—and could offer us even more if the industry learns to collaborate on a wider scale. The wine industry has seen a lot of growth over…
Lebanese investors must stay alert to opportunities
Reading Time: 3 minutes In today’s Lebanon there are two biases. Let us call them the phoenix bias and the shithole bias. The first is the narrative of an indestructible culture, a country and haven of wealth that has never defaulted on its financial obligations and where no depositor of wealth has to fear the disappearance of a single…
Lebanon needs a long-term solution to its trash woes
Reading Time: 3 minutes Lebanon on the precipice of another trash crisis, with its own garbage floating in the sea, lining the streets, and forming a mountain in Tripoli. All this not even five years after the last crisis that, in 2015, saw mounds of garbage pile up on the streets of Beirut and Mount Lebanon. In the north,…
Lebanon’s budget: One hurdle is passed, many more remain to be overcome
Reading Time: 6 minutes Three months is not a long time, depending on one’s perspective. If you are a rock that has had Mediterranean waves washing up against you for the last 11,000 years, three months are almost nothing. A blink. On the other hand, if you are a silk moth eager to feast on mulberry leaves, three months…
The Lebanese government needs to do more to improve the education sector
Reading Time: 3 minutes “Education is the most powerful weapon which you can use to change the world,” so said Nelson Mandela in a 2003 speech. Indeed, the impact of quality education—the kind that expands the learner’s mind and aids in the development of a well-rounded personality—resonates long after the optimal 18 – 20 years of formal education (15…